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Last €51.22 EUR
Change Today +0.174 / 0.34%
Volume 0.0
THC1 On Other Exchanges
New York
As of 5:13 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

tenet healthcare corp (THC1) Snapshot

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52 Week High
07/15/15 - €55.30
52 Week Low
11/17/14 - €36.61
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Current Stock Chart for TENET HEALTHCARE CORP (THC1)

tenet healthcare corp (THC1) Details

Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies. It also provides intensive care, critical care and/or coronary care units, physical therapy, orthopedic, oncology, and outpatient services; tertiary care services, including open-heart surgery, neonatal intensive care, and neurosciences; quaternary care services in the areas of heart, liver, kidney, and bone marrow transplants; quaternary pediatric and burn services; advanced treatment options for patients; gamma-knife brain surgery; cyberknife radiation therapy for tumors and lesions in the brain, lung, neck, and spine; and outpatient services. In addition, the company offers clinical research programs related to cardiovascular disease, pulmonary disease, musculoskeletal disorders, neurological disorders, genitourinary disease, and various cancers, as well as drug and medical device studies. Further, it provides operational management for patient access, health information management, revenue integrity, and patient financial services; communications and engagement solutions to optimize the relationship between providers and patients; and management services comprising clinical integration, financial risk management, and population health management. As of July 15, 2015, the company operated 81 general acute care hospitals, 18 short-stay surgical hospitals, and approximately 400 outpatient centers in the United States; and 9 facilities in the United Kingdom. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

83,160 Employees
Last Reported Date: 02/23/15
Founded in 1967

tenet healthcare corp (THC1) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.3M
Chief Financial Officer
Total Annual Compensation: $565.9K
President of Hospital Operations
Total Annual Compensation: $690.6K
Vice Chairman
Total Annual Compensation: $700.0K
Senior Vice President and General Counsel
Total Annual Compensation: $459.6K
Compensation as of Fiscal Year 2014.

tenet healthcare corp (THC1) Key Developments

Tenet Healthcare to Manage Hi-Desert Medical Center Operations

Tenet Healthcare Corporation has announced an agreement with the Hi-Desert Memorial Health Care District, under which Tenet will manage the operations of Hi-Desert Medical Center and its related healthcare facilities. Tenet will now manage the operations of the 59-bed primary care hospital and the 120-bed skilled nursing facility on the hospital campus, as well as associated programs that were previously operated by the hospital. The district will continue to operate two family health clinics in the area. The arrangement is structured as a long-term lease agreement, which was approved by district voters on June 23 by a margin of 90.6% to 9.4%. Under this new operating arrangement, Hi-Desert Medical Center will continue to have its own medical staff and governing board. The hospital's new governing board includes representatives from the district, physicians from the hospital's medical staff and local community and business leaders. Tenet will offer employment to all hospital employees in accordance with its customary hiring practices and policies. In addition, Tenet has committed to provide much-needed funding, including $32 million in the first three years of the lease, for new projects, technologies such as enhanced information systems and physician recruitment and service line expansion.

Wellstar In Talks To Acquire Five Metro Atlanta Hospitals

Wellstar Health System, Inc. said that it is beginning negotiations with Tenet Healthcare Corp. (NYSE:THC) to buy its metro hospitals, including Atlanta Medical Center in downtown and Roswell’s North Fulton Hospital. The latter is considered the biggest prize among the group because of its location in the affluent northern Atlanta suburbs. Wellstar and Tenet issued a statement Thursday confirming the start of “exclusive, non-binding discussions’’ about a potential sale of Tenet’s Atlanta-area hospitals and other facilities to WellStar. “This is to ensure that these hospitals and facilities are best positioned to meet the needs of their communities and continue delivering high-quality health care for many years to come,’’ said the statement. WellStar and Tenet declined further comment about the potential deal.

Tenet Healthcare Corporation, Dignity Health and Ascension to Form Partnership to Own and Operate Carondelet Health Network in Arizona

Tenet Healthcare Corporation, Dignity Health and Ascension have signed a definitive agreement to create a partnership that will own and operate Carondelet Health Network based in Tucson, Arizona. Tenet will be the majority partner in the new joint venture and will manage the operations of three hospitals, related physician practices, outpatient and ambulatory services, and other affiliated businesses in Tucson and Nogales, Arizona. Dignity Health and Ascension will own minority interests in the partnership. A Tucson–based joint venture will connect Carondelet to ACN, which will provide increased access to care for patients, strengthen and grow Carondelet’s relationships with physicians, provide employee development opportunities for current and future employees, and fund strategic growth initiatives across Southern Arizona. The facilities in the new partnership will include: St. Joseph’s Hospital (486 beds) in Tucson; St. Mary’s Hospital (400 beds) in Tucson; Holy Cross Hospital (25 beds) in Nogales; Carondelet Heart & Vascular Institute at St. Mary’s Hospital; Carondelet Neurological Institute at St. Joseph’s Hospital; Carondelet Medical Group; Carondelet Specialist Group. The joint venture will maintain Carondelet’s Roman Catholic heritage and identity through an agreement with the Diocese of Tucson. Additionally, Carondelet’s existing charity care policies will remain in place. The transaction is subject to normal regulatory reviews and is expected to close in the third quarter of 2015.


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Valuation THC1 Industry Range
Price/Earnings 53.4x
Price/Sales 0.3x
Price/Book 6.7x
Price/Cash Flow 5.9x
TEV/Sales NM Not Meaningful

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